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Organic net sales decreased 5% primarily due to worsened consumer sentiment in China that drove further softening in overall prestige beauty in mainland China.
October 31, 2024
By: Lianna Albrizio
Associate Editor
Net sales for the Estée Lauder Companies dipped 4% in Q1 2025 with a reported $3.36 billion in Q1 2025 compared to $3.52 billion in the prior-year quarter. Organic net sales decreased 5% primarily due to worsened consumer sentiment in China that drove further softening in overall prestige beauty in mainland China and low conversion rates in Asia travel retail and Hong Kong SAR. In addition, lower replenishment orders in Asia travel retail, including inventory pressure given the further retail...
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